Prudential Financial Inc. Has $1.52 Million Stake in ManTech International Corporation (NASDAQ:MANT)

Prudential Financial Inc. boosted its position in shares of ManTech International Corporation (NASDAQ:MANT) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,924 shares of the technology company’s stock after buying an additional 60 shares during the period. Prudential Financial Inc. owned 0.11% of ManTech International Corporation worth $1,521,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank increased its stake in shares of ManTech International Corporation by 7.1% in the fourth quarter. Comerica Bank now owns 26,936 shares of the technology company’s stock valued at $1,106,000 after buying an additional 1,794 shares during the last quarter. State Street Corp increased its stake in shares of ManTech International Corporation by 11.6% in the fourth quarter. State Street Corp now owns 604,622 shares of the technology company’s stock valued at $25,544,000 after buying an additional 62,944 shares during the last quarter. Allianz Asset Management AG increased its stake in shares of ManTech International Corporation by 20.5% in the fourth quarter. Allianz Asset Management AG now owns 60,963 shares of the technology company’s stock valued at $2,575,000 after buying an additional 10,360 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of ManTech International Corporation during the fourth quarter valued at about $862,000. Finally, New York State Teachers Retirement System increased its stake in shares of ManTech International Corporation by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 73,814 shares of the technology company’s stock valued at $3,119,000 after buying an additional 200 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors.

Shares of ManTech International Corporation (MANT) opened at 40.08 on Wednesday. ManTech International Corporation has a 52 week low of $33.50 and a 52 week high of $45.52. The stock has a 50 day moving average of $39.75 and a 200 day moving average of $38.12. The firm has a market cap of $1.55 billion, a P/E ratio of 26.61 and a beta of 0.95.

ManTech International Corporation (NASDAQ:MANT) last released its earnings results on Wednesday, May 3rd. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The company had revenue of $418.37 million for the quarter, compared to analyst estimates of $402.15 million. ManTech International Corporation had a return on equity of 4.72% and a net margin of 3.57%. Analysts anticipate that ManTech International Corporation will post $1.50 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Wednesday, June 7th. ManTech International Corporation’s dividend payout ratio (DPR) is currently 27.81%.

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Several equities research analysts have recently issued reports on MANT shares. Credit Suisse Group restated a “sell” rating and issued a $36.00 price objective on shares of ManTech International Corporation in a research note on Monday, May 15th. Cowen and Company reiterated a “hold” rating and set a $38.00 price target on shares of ManTech International Corporation in a research note on Tuesday, May 2nd. Wells Fargo & Company upgraded shares of ManTech International Corporation from an “underperform” rating to a “market perform” rating in a research note on Thursday, March 23rd. TheStreet upgraded shares of ManTech International Corporation from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Finally, Zacks Investment Research upgraded shares of ManTech International Corporation from a “sell” rating to a “hold” rating in a research note on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. ManTech International Corporation currently has an average rating of “Hold” and an average target price of $40.33.

In related news, Director Barry G. Campbell sold 18,700 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $38.68, for a total value of $723,316.00. Following the sale, the director now directly owns 1,300 shares of the company’s stock, valued at $50,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard L. Armitage sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.01, for a total value of $120,030.00. Following the completion of the sale, the director now directly owns 4,000 shares in the company, valued at $160,040. The disclosure for this sale can be found here. Insiders sold 34,200 shares of company stock worth $1,326,747 over the last ninety days. 35.06% of the stock is currently owned by insiders.

About ManTech International Corporation

ManTech International Corporation provides technologies and solutions for national security programs for the intelligence community; the departments of Defense, State, Homeland Security, Health and Human Services, Veteran Affairs and Justice, including the Federal Bureau of Investigation (FBI); the space community, and other the United States Government customers.

Institutional Ownership by Quarter for ManTech International Corporation (NASDAQ:MANT)

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